Important conditions for the progress of bitcoin

[akihikohideaki]

2017 history cannot be repeated, green leaves will continue to turn yellow and fall out as long as 2019 branches will begin to break one by one and large trees will fall in winding storms, it is a picture of Bitcoin in recent months.

I see the balance of the price of bitcoin still far from expectations, because there are several important conditions to be met.

First, of course, the recognition of bitcoin through regulation, so clearly the digital currency can be used as a payment tool for certain posts.

The second is from the crypto market side, there must be an official exchanger and be recognized by the government of each country. If the exchanger is still not regulated, the protocol is also vulnerable to cyber attacks. There is no standardization of fulfillment of feasibility, even though to guarantee consumer safety.

There needs to be cooperation from entrepreneurs to invest in buying Bitcoin with a large amount of scale to support rising price movements.

Let's support Bitcoin...

[cellard]

2017 history cannot be repeated, green leaves will continue to turn yellow and fall out as long as 2019 branches will begin to break one by one and large trees will fall in winding storms, it is a picture of Bitcoin in recent months.

I see the balance of the price of bitcoin still far from expectations, because there are several important conditions to be met.

First, of course, the recognition of bitcoin through regulation, so clearly the digital currency can be used as a payment tool for certain posts.

The second is from the crypto market side, there must be an official exchanger and be recognized by the government of each country. If the exchanger is still not regulated, the protocol is also vulnerable to cyber attacks. There is no standardization of fulfillment of feasibility, even though to guarantee consumer safety.

There needs to be cooperation from entrepreneurs to invest in buying Bitcoin with a large amount of scale to support rising price movements.

Let's support Bitcoin...

The point of Bitcoin is that it doesn't need to be recognized by anyone and the only regulation is the rules within the code. If it was any other way, it's value would be 0. Thankfully it isn't the case.

Of course having governments on your side makes it a smooth ride compared to having them trying to destroy you 24/7, but due game theory this will always be the case. Some governments will benefit from being Bitcoin friendly and others will benefit from trying to get rid of it. In my book the net result is that Bitcoin friendly governments will benefit the most long term since the rich bitcoiners will pay taxes there to buy properties specially in 10 years when current holders are rich as f*ck. Also govs themselves will benefit by having Bitcoin reserves.

[wuvdoll]

First, of course, the recognition of bitcoin through regulation, so clearly the digital currency can be used as a payment tool for certain posts.

The second is from the crypto market side, there must be an official exchanger and be recognized by the government of each country. If the exchanger is still not regulated, the protocol is also vulnerable to cyber attacks. There is no standardization of fulfillment of feasibility, even though to guarantee consumer safety.

Without the help of any of recognition and regulation alone bitcoin have survived for last 10 years and peaked up to $~20k. Hence, why should we expect those after the mid way. More importantly 2017 does not need to be repeated but something better than 2017 will be repeated for sure. Just fasten your belts, next halving will be in less than 18 months. Bitcoin's basics and fundamentals are more than enough for another new ATH.

There needs to be cooperation from entrepreneurs to invest in buying Bitcoin with a large amount of scale to support rising price movements.

Institutional funds will start flowing-in on its own time. FOMO will help bitcoin and will benefit the investors too. In future the massive number of small investors may overcome the institutions to decide the directions. It means bitcoin will grow as attractive enough to have its real supporters.

[sunsilk]

There's no need for bitcoin to have an 'official' exchanger. It's even tradable just look for someone who's willing to trade it for you which is the popular way of trading before and the history start through it as p2p. The government can just regulate the exchange itself as a business that operates depending on the ruling of law.

These entrepreneurs and institutions are said to come in to the market in an unknown time. Bitcoin's just getting stable and that's what they have been waiting for, they'll come in later.

[Indrawan77]

Its a bit dilemma about the bitcoin condition, we certainly need to be recognised by the government to become big, because we need the permit from the government, but we don't need too much interference from the government, so actually bitcoin in a difficult position, for now we need more investors and more people to do transaction using bitcoin, and yes we need entrepreneurs but we don't want them to invest for profit, because it can create pump and dump scenario

[Kakmakr]

If the exchanger is still not regulated, the protocol is also vulnerable to cyber attacks. There is no standardization of fulfillment of feasibility, even though to guarantee consumer safety.

This vulnerability is not Bitcoin's responsibility. The Bitcoin protocol is rock solid, but the code used in centralized services like exchanges are definitely vulnerable and also targeted by hackers.

A possible solution would be for people to use open source decentralized exchanges, where code can be scrutinized by 1000s of independent developers.

I just need to say that MANY other non-Bitcoin centralized services are hacked every day, so this is not unique to Bitcoin. 

[Kemarit]

2017 history cannot be repeated, green leaves will continue to turn yellow and fall out as long as 2019 branches will begin to break one by one and large trees will fall in winding storms, it is a picture of Bitcoin in recent months.

Why do you say so?

I see the balance of the price of bitcoin still far from expectations, because there are several important conditions to be met.

It's because you guys are really putting too much expectations from the market. Why just we don't wait till it recovers, we have been struggling for more than a year but it doesn't mean that we can go on like this in the next years or so. Eventually, we can recover and bounce back and probably hit all-time-high again.

First, of course, the recognition of bitcoin through regulation, so clearly the digital currency can be used as a payment tool for certain posts.

The second is from the crypto market side, there must be an official exchanger and be recognized by the government of each country. If the exchanger is still not regulated, the protocol is also vulnerable to cyber attacks. There is no standardization of fulfillment of feasibility, even though to guarantee consumer safety.

There needs to be cooperation from entrepreneurs to invest in buying Bitcoin with a large amount of scale to support rising price movements.

Let's support Bitcoin...

Even if exchanges are regulated, it will still be vulnerable to attacks. Why don't we step aside and use bitcoin as P2P and let things continue to flow as normal with or without regulations.

[benwarden]

Many will disagree with me, but I don't think that Bitcoin needs control from the states. Not all states act in good faith in such cases. For ordinary people, it will not give anything good.
Some people can say that state support provides stability and security. But this is all not true. Yes, the government has a lot of money, so it can do a lot, but in fact, it is no different from large corporations, which can also give money and security.
I don't know how it would be better to act in this case, but I'm sure that Bitcoin is a state-free currency, which gives anonymity.

[kryptqnick]

I see the balance of the price of bitcoin still far from expectations, because there are several important conditions to be met.

1. recognition of bitcoin through regulation, so clearly the digital currency can be used as a payment tool for certain posts.
2. there must be an official exchanger and be recognized by the government of each country. If the exchanger is still not regulated, the protocol is also vulnerable to cyber attacks.
3. There needs to be cooperation from entrepreneurs to invest in buying Bitcoin with a large amount of scale to support rising price movements.

I partially disagree with your points. 1. Bitcoin is recognized already in many countries, but it doesn't make it a payment tool. The problem is that sometimes cryptos are regulates as securities or commodities, which does not encourage mass adoption by retailers. 2. Even if an exchange is regulated, it is still vulnerable to attacks. Moreover, if there are only official exchanges, the open market is probably dead. 3. Sometimes enterpreneurs do invest in bitcoin, but if a small amount of people invests a big amount of money, bitcoin slowly gets under control of the few. Apart from that, if you believe in cryptos as money, then you should not favor the hodlers. Money is not something we invest in, it's something we use. So the key point here would be for more retailers to accept bitcoin as payment and perhaps make some promotions for those who use it.

[Dudeperfect]

I don't think that there are any external efforts needed for the progress of Bitcoin or crypto industry. We as users of it should give first preference to use Bitcoin as a payments instrument instead of focusing on speculation activities. Any external event can give benefit or damage for the short-term but when it comes to the long run, users have to adopt it into their day-to-day activities across the globe.

[Indamuck]

If you care about the price you just need more new people to buy in.  The demand is dropping because people are losing interest in crypto.  The noobs always jump back in when the prices start to skyrocket, very few people want to buy after a massive correction.  I don't think financial institutions will make a big difference either, we already hit 20k without them.

[el kaka22]

I don't know which coin you are checking but almost all of the things you talk about have happened in 2018 while the price was going down incredibly. First of all great analogy with the leaf and green yellow and falling down, that is exactly what bitcoin was and is even today so I respect the amazing analogy for it. However, if you check the lists that is required for a bitcoin uprising, all of them happened one way or another.

For example regulation exists, regulations do not guarantee any increase, look at bitlicense in New York, they published proper regulations for it and than all New York crypto companies left the state leaving them basically cryptoless state. Which means regulations do not mean good prices, on contrary means bad practice by the state.

There are plenty of countries with official exchange that is supported by government or even better yet run by government, they are not really "crypto exchanges" but they are regular stock or forex or whatever exchanges that added bitcoin, the price didn't moved at all. Also 2018 was the year biggest amount of investments made into crypto companies, even a kitty game got 15 million funding. Basically, none of those things is a 100% way of increasing the price, we tried.

[Naida_BR]

2017 history cannot be repeated, green leaves will continue to turn yellow and fall out as long as 2019 branches will begin to break one by one and large trees will fall in winding storms, it is a picture of Bitcoin in recent months.

I see the balance of the price of bitcoin still far from expectations, because there are several important conditions to be met.

First, of course, the recognition of bitcoin through regulation, so clearly the digital currency can be used as a payment tool for certain posts.

The second is from the crypto market side, there must be an official exchanger and be recognized by the government of each country. If the exchanger is still not regulated, the protocol is also vulnerable to cyber attacks. There is no standardization of fulfillment of feasibility, even though to guarantee consumer safety.

There needs to be cooperation from entrepreneurs to invest in buying Bitcoin with a large amount of scale to support rising price movements.

Let's support Bitcoin...

Bitcoin can still thrive without being recognized by anyone. And also I can't find a reason why entrepreneurs need to integrate cryptocurrencies as I can't find any benefit from it to them.
We support bitcoin by word-of-mouth and letting people that bitcoin is the real future that will reshape the internet world positively. Day by day the flow and the hype is gonna be bigger without much effort.

[Cryptoprimes]

I don't know which coin you are checking but almost all of the things you talk about have happened in 2018 while the price was going down incredibly. First of all great analogy with the leaf and green yellow and falling down, that is exactly what bitcoin was and is even today so I respect the amazing analogy for it. However, if you check the lists that is required for a bitcoin uprising, all of them happened one way or another.

For example regulation exists, regulations do not guarantee any increase, look at bitlicense in New York, they published proper regulations for it and than all New York crypto companies left the state leaving them basically cryptoless state. Which means regulations do not mean good prices, on contrary means bad practice by the state.

There are plenty of countries with official exchange that is supported by government or even better yet run by government, they are not really "crypto exchanges" but they are regular stock or forex or whatever exchanges that added bitcoin, the price didn't moved at all. Also 2018 was the year biggest amount of investments made into crypto companies, even a kitty game got 15 million funding. Basically, none of those things is a 100% way of increasing the price, we tried.

Yes, I think the same.
There are no big problems with regulators nowadays. There are plenty of other causes which affect the market value. Like shitcoins and disappointment in them. Like major banks manipulating the market, buying BTC at the shadow markets and then selling BTC with batches at official exchanges to crush down the price and buy low. And many others like impact of media publications and so on.

[Crypdon]

None of that was in place during the last meteoric rise and there is no reason why it cannot be repeated next year. The halving always causes a massive pump so accumulate now while you can

[dothebeats]

I don't understand why people believe that regulation is a necessity for bitcoin to thrive. Even without regulation, bitcoin can still function as a currency as long as people believe in its value. Regulations only became necessary when speculation goes through the roof, and serious influx of cash is happening within the ecosystem. Also, we don't need a central exchange as it will be prone and susceptible to a lot of hacks, which isn't pretty for those who trade on the regular and use the said exchange. Centralization isn't always the answer, as bitcoin had been doing fine and dandy even without regulations years ago.

[deisik]

I don't understand why people believe that regulation is a necessity for bitcoin to thrive. Even without regulation, bitcoin can still function as a currency as long as people believe in its value. Regulations only became necessary when speculation goes through the roof, and serious influx of cash is happening within the ecosystem. Also, we don't need a central exchange as it will be prone and susceptible to a lot of hacks, which isn't pretty for those who trade on the regular and use the said exchange. Centralization isn't always the answer, as bitcoin had been doing fine and dandy even without regulations years ago

I can't say that I strongly believe in that myself but let's say that regulation will make the life of many bitcoiners a lot easier. Without proper regulation, you are going see a lot of scams springing up here and there (as is the case). Well, they are springing up anyway, but in a wisely regulated market, scammers won't feel at ease. It is likely the major reason why we need regulation. Other than that, personally, I don't see a lot of damage in runaway speculation as long as it doesn't lead to runaway exchanges

And years ago Bitcoin was virtually unknown to wider public, but times are different now

[semobo]

2017 history cannot be repeated, green leaves will continue to turn yellow and fall out as long as 2019 branches will begin to break one by one and large trees will fall in winding storms, it is a picture of Bitcoin in recent months.

I see the balance of the price of bitcoin still far from expectations, because there are several important conditions to be met.

First, of course, the recognition of bitcoin through regulation, so clearly the digital currency can be used as a payment tool for certain posts.

The second is from the crypto market side, there must be an official exchanger and be recognized by the government of each country. If the exchanger is still not regulated, the protocol is also vulnerable to cyber attacks. There is no standardization of fulfillment of feasibility, even though to guarantee consumer safety.

There needs to be cooperation from entrepreneurs to invest in buying Bitcoin with a large amount of scale to support rising price movements.

Let's support Bitcoin...

The bitcoin already got enough recognition but the knowledge behind is not known for many,they just think bitcoin is the money for hackers and technology experts and its not possible to use by common people but they need to be taught even minimal technological knowledge will let anyone to use it.

[tenakha]

First, of course, the recognition of bitcoin through regulation, so clearly the digital currency can be used as a payment tool for certain posts.

These issues have already existed in recent years and I do not think being unpredictable is related to regulation. Also there is no news about it, only the SEC's decision and IMO, only effect was that the price remained constant at some time intervals.

The second is from the crypto market side, there must be an official exchanger and be recognized by the government of each country. If the exchanger is still not regulated, the protocol is also vulnerable to cyber attacks. There is no standardization of fulfillment of feasibility, even though to guarantee consumer safety.

There needs to be cooperation from entrepreneurs to invest in buying Bitcoin with a large amount of scale to support rising price movements.

Are the governments not exposed to cyber attack? So far there have been so many hackers who have hacked government essential files.
I am not in positive opinion about whether investors will take this risk in the present situation.

[adzino]

-snip-
First, of course, the recognition of bitcoin through regulation, so clearly the digital currency can be used as a payment tool for certain posts.

The second is from the crypto market side, there must be an official exchanger and be recognized by the government of each country.
-snip-

First of all, we do not need regulation for bitcoin/cryptocurrencies to be recognized. Regulation would just bring more chaos to the current system. It will some what end up making the currency more centralized system. Although, a light and not so strict regulation might do good.
You second point is also a bit problematic. We do not want the government to be involved in these kind of system.